MICHELLE MONE'S lingerie firm lost a quarter of a million pounds in three months in the wake of her bitter marriage split.

The firm behind Mone’s Ultimo brand, MJM International, reported a loss of more than £231,000 in the three months to February 2013, and bosses warned that the company would keep losing money for the next 12 months.

Previous accounts had revealed a pre-tax loss of £547,018 in the 18 months up to October last year. Bosses said yesterday that the loss related to the “difficult situation” of Mone’s 2011 split from husband and business partner, Michael.

The couple set up the firm together but Mone severed ties with Michael last February and became sole owner of MJM.

Sri Lankan firm MAS Holdings bought into the business days later.

Bosses say MJM are making “strategy changes” and will return to profit soon.